Bank of Greece
Economy
House Prices Drop in Greece
According to the Bank of Greece’s Monetary Policy report published on Tuesday, since the beginning of the financial crisis five years ago, in 2008, the house prices in Greece have fallen by 37.6 percent in real terms. The report also mentions...
Economy
Greek Tourism Broke Revenue Record
In the first eight months of 2013, Greek tourism finally broke the 2008 record of 8.67 billion from tourism revenues the 8.68 billion euro mark.
Given that the total revenues for all of 2008 had amounted to 11.6 billion, the...
Greece
NYT: Judicial Inquiry on George Provopoulos Case
NYT newspaper has cited an article dedicated to the judicial inquiry conducted against the Governor of the Bank of Greece, George Provopoulos, now being examined for having abused his position in a bank agreement.
The article refers to a large...
Economy
Loans and Deposits Reduced in August 2013
Loans and deposits were reduced in August 2013. According to data by the Bank of Greece, it was observed that in deposits (that businesses and households hold in Greek banks) there was a small outflow, as the total reserve...
Economy
Confidential Report on German War Reparations
The Sept 22 front page of the newspaper Realnews reveals a secret report issued by the General Accounting Office of Greece concerning Berlin’s debts to Greece and the occupation loan under the title “Miss Merkel, here is the proof.”
According...
Economy
Greek Banks do not Need Approval to Sell Claims to Third Parties
The sale of credit institutions' claims to third parties does not require approval or updating by the Bank of Greece, which has the responsibility over the supervision of such claims to evaluate risk management, a report by the central...
Economy
Greek Tourism Revenues Soar 17.8%
It's not just a record-breaking number of tourists pouring into Greece this year but big bucks too with revenues reaching 3.324 billion euros ($4.44 billion) in the first half of the year, a jump of 503 million euros ($672.07...
Economy
Greek Current Account Surplus Widens in June
Greece΄s current account surplus widened in June, helped by a smaller trade gap and surging tourism receipts, the Bank of Greece said on Monday.
The current account balance, a key measure of economic competitiveness, showed a surplus of 663 million...
Economy
Most Greek Aid Back To Lenders
Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to investors and banks who hold Greek bonds instead of using it for social services, in...
Business
BOG Governor Wants Tourism Expanded
“Greek tourisn can contribute to the development, however, it has to reduce its seasonal nature,” stated the Governor of the Bank of Greece George Provopoulos in his speech at the conference Greek tourism and Climate Change: Adjustment Policies and...